Source: www.reuters.com

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(Reuters) - SenseTime Group shares are set to open 1.6% higher from their initial public offering (IPO) price when they debut on the Hong Kong Stock Exchange on Thursday.

The Chinese artificial intelligence (AI) start-up raised $740 million in its IPO and priced its shares at HK$3.85 ($0.4937) each.

Reporting by Donny Kwok; Editing by Himani Sarkar